Russia Lower House Submits Bill to Amend Taxation Rules for Digital Currency

The Russian Lower House of Parliament (State Duma) April 14 accepted for consideration Bill No. 106872-8, to amend the taxation rules for digital currency. The bill includes measures to: 1) determine a separate procedure for taxing activities concerning various types of digital currency; 2) provide VAT, corporate income tax, and individual income tax provisions for income derived from digital currency transactions; 3) amend withholding tax provisions; 4) determine the tax base for various types of digital currency; and 5) provide tax rates for income derived through various digital transactions. [Russia, State Duma, 04/14/22]

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View Bill No. 106872-8. View ...